Ventilation Grills Market size is anticipated to cross USD 220 million by the end of 2036, growing at a CAGR of 1.2% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of ventilation grills was USD 191 million. The demand for ventilation grills in both residential and business structures is anticipated to rise as the construction industries expand globally. According to our data, the United States had more than 919,000 construction businesses in the first quarter of 2024. Maintaining high indoor air quality and guaranteeing the security & comfort of building occupants depends on proper ventilation. In order to ensure optimum air circulation and ventilation in indoor spaces, which helps eliminate pollutants, allergens, and other hazardous elements, ventilation grills are essential.
Given the need for appropriate ventilation systems in new construction and restorations, the demand for ventilation grills is strongly related to that of the construction sector. The ventilation grills industry is further fuelled by the fact that building laws and regulations frequently mandate proper ventilation in new projects. Ventilation grills are also becoming more effective and straightforward to install owing to technological developments, which are accelerating their uptake in the building sector. In general, as more buildings are built or renovated to satisfy the needs of a growing global population, the construction sector is predicted to rise, driving the sales of ventilation grills in residential and commercial structures in the years to come.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~ 1.2 % |
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Base Year Market Size (2023) |
~ USD 191 Million |
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Forecast Year Market Size (2036) |
~ USD 220 Million |
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Regional Scope |
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Material (Metal, Plastic, Wood)
Ventilation grills market from the metal segment is anticipated to hold 48% of the revenue share during the forecast period. Given the materials are durable, long-lasting, and fire-resistant, metal grills are ideal for use in commercial and industrial settings. Since they are available in a variety of shapes, sizes, and finishes, metal ventilation grills are flexible and adaptable to a wide range of applications and design styles. Due to their adaptability and versatility, they are a well-liked solution for ventilation systems in both homes and businesses. The demand for metal ventilation grills is being driven by the growth of the construction industry, particularly in emerging nations with a high need for new building and renovations. Metal ventilation grills are often used in HVAC systems for commercial and industrial buildings because they can withstand high airflow rates and temperature changes.
End-User (Residential, Non- residential)
The residential segment in the ventilation grills market is expected to attain significant growth by the end of 2036. The need for ventilation grills is being fueled in part by the expansion of residential buildings. Ventilation grills that provide effective airflow and satisfy the unique needs of each structure are becoming more and more necessary with the rise in new residences and renovations. The demand for residential use is also being driven by the increased awareness of indoor air quality. Numerous causes, including the growing need for environmentally friendly and energy-efficient homes, rising concern for indoor air quality, and an increase in residential construction activity, all contribute to the demand for ventilation grills in the residential segment.
Our in-depth analysis of the global ventilation grills market includes the following segments:
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Material |
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End-User |
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Application |
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North American Market Forecast
North America is expected to account for 45% share of the global ventilation grills market by 2036. The growth of the construction industry, the increasing adoption of HVAC systems, and the rising trend of energy-efficient buildings are some of the factors driving the demand for the market in the North America region. As per our analysis, the region’s HVAC garnered a market valuation of USD 43.67 billion in 2022. Furthermore, the region has witnessed a notable increase in industrial automation activities, which has also contributed to the industry growth.
European Market Statistics
Europe ventilation grills market is expected to record significant revenue during the forecast period owing to the low cost of bariatric surgery and the rise in the number of diabetes people. Further, country-wise, Germany would provide for significant market opportunities. Also, the region is growing in accordance with the presence of significant market players in the region.
Author Credits: Rushikesh, Richa Gupta
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